Mitchell Mcleod Pugh & Williams Inc. Cuts Stock Holdings in Enstar Group Limited (NASDAQ:ESGR)

Mitchell Mcleod Pugh & Williams Inc. lessened its holdings in Enstar Group Limited (NASDAQ:ESGR) by 5.9% during the third quarter, Holdings Channel.com reports. The firm owned 4,785 shares of the insurance provider’s stock after selling 300 shares during the quarter. Mitchell Mcleod Pugh & Williams Inc.’s holdings in Enstar Group were worth $1,539,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ESGR. Farmers & Merchants Investments Inc. acquired a new position in shares of Enstar Group during the 2nd quarter worth $31,000. GAMMA Investing LLC grew its position in Enstar Group by 248.5% during the third quarter. GAMMA Investing LLC now owns 115 shares of the insurance provider’s stock worth $37,000 after buying an additional 82 shares during the period. Blue Trust Inc. increased its holdings in Enstar Group by 85.5% in the third quarter. Blue Trust Inc. now owns 141 shares of the insurance provider’s stock valued at $43,000 after buying an additional 65 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. acquired a new stake in shares of Enstar Group during the 3rd quarter valued at approximately $48,000. Finally, CWM LLC boosted its stake in shares of Enstar Group by 57.6% during the 2nd quarter. CWM LLC now owns 186 shares of the insurance provider’s stock worth $57,000 after acquiring an additional 68 shares in the last quarter. Institutional investors and hedge funds own 81.01% of the company’s stock.

Enstar Group Price Performance

Shares of NASDAQ:ESGR traded up $0.14 during midday trading on Friday, hitting $325.00. 54,548 shares of the stock were exchanged, compared to its average volume of 53,877. Enstar Group Limited has a twelve month low of $248.87 and a twelve month high of $348.48. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.34. The company has a 50 day moving average price of $322.05 and a 200-day moving average price of $317.16. The stock has a market cap of $4.95 billion, a P/E ratio of 5.54 and a beta of 0.65.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on Enstar Group in a research note on Monday, November 4th. They issued a “hold” rating for the company.

Enstar Group Profile

Enstar Group Limited acquires and manages insurance and reinsurance companies and portfolios in run-off in Bermuda and internationally. It engages in the run-off property and casualty; other reinsurance; life and catastrophe; and legacy underwriting businesses; as well as investment activities. The company also provides consulting services, including claims inspection, claims validation, reinsurance asset collection, syndicate management, and IT consulting services to the insurance and reinsurance industry.